FIDx Insurance Exchange Surpasses $3 Billion in Annuity Transactions

Fiduciary Exchange LLC (FIDx) recently announced that its Insurance Exchange (IX) platform has processed over $3 billion in new annuity transactions, marking a significant milestone in just six months after surpassing $2 billion in 2024. This rapid increase highlights the expanding demand among financial advisors for integrated annuity solutions within wealth management platforms. The platform simplifies annuity incorporation by eliminating traditional complexities and allowing advisors to seamlessly include annuities as integral parts of client portfolios. More retirees are seeking stable income sources, driving annuity sales to record highs as reported by LIMRA, which supports the growth seen on the FIDx platform. FIDx's technology streamlines the end-to-end annuity process, offering access to products from over 20 leading carriers, both commission- and fee-based, while reducing errors that typically delay contract issuance. This integration enables advisors to provide guaranteed income and downside protection solutions within the existing advisory workflows, promoting holistic retirement planning. The platform supports a shift away from legacy annuity processing systems toward a digitally enabled, seamless exchange connecting brokerage, insurance, and advisory sectors.